[claydavisss]

A "ban" on gold would only achieve multiplying the spot price by ten overnight. It would be the final signal that fiat currencies should be avoided at all costs.

[octoberfranklin]

... and incentivize people to smuggle their gold out of the country.

International trade is far too large these days to stop gold-smuggling.

Look at the great job we're doing with drug smuggling. Most cocaine enters the US hidden in shipping containers.